Standardized Performance Analysis of Cotton Production: Initial Results from the Texas High Plains 1997




Smith, Jackie
McGrann, James
Johnson, Phillip
Clark, April

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Standardized Performance Analysis (SPA) is a management tool designed to assist producers with farm and ranch financial and production analysis. The SPA methodology consolidates farm financial statements and production information for an integrated production and financial performance analysis of a total farming operation. Preliminary field testing of a prototype crop SPA program is currently being conducted in the Texas High Plains. A set of 35 observations from eight farming entities for the 1995 crop year includes dryland and irrigated cotton. Results from the preliminary study show a unit cost of production of 73 cents per pound on irrigated cotton production and 70 cents per pound on dryland cotton production. Research efforts for 1997 will include an expansion of the base of participants and the development of a more comprehensive data base of results.